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Dec 11, 2012
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and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the deadline was extended to this afternoon after they failed to reach a 40 billion euro target. the two-day summit in brussels on thursday is expected to produce a political agreement. while the details of the plan will be finalized at a later stage. >>> ipo activity is expected to pick up in 2013 after a slowdown in year. that's according to ernst & young's latest report. the amount of capital raised this year is down 30% from a year earlier. but exchanges in europe and the u.s. already are seeing business start to return this quarter. real estate, health care, gas are the sectors expe
and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the...
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Dec 24, 2012
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. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, g
. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s....
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Dec 12, 2012
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the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the instability and political alley-oop -- in italy -- [ inaudible ] >> the person who is tipped to sn proceed him told us he will continue with the austerity program under mario monti. take a listen. >> translator: we will surely comply with our commitment to europe, but we will try together with the other progressive parties to improve european policy because we're not convinced that austerity alone is enough. >> reporter: at this point it looks like the future of government, the centralized government would be controlling the lower house. but what if you don't get the majorit
the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the...
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Dec 10, 2012
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but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow. travel safe. we'll show the plane gets out of there on time. >>> and if you're just joining us, you're watching "worldwide exchange" and these are your headlines. obama and boehner meeting face-to-face as the clock ticks towards the fiscal cliff. no respite for italy as banking shares lead the prospects lower. and export growth slowing in china. we'll be right back. told you we would be right back. san santa's elves are gearing up for the busiest shipping day of the year. it's expected to deliver 19 million packages. courtney reagan is at a busy facility up in the bronx. what is it like there? >> that's right, kelly. it's already pretty loud here at the fedex express center in the bronx, new york, where the employees are gearing up for what would be the busiest day in the shipping country's history. >> we publicly forecast a couple w
but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow. travel safe. we'll show the plane gets out of there on time. >>> and if you're just joining us, you're watching "worldwide exchange" and these are your headlines. obama and boehner meeting face-to-face as the clock ticks towards the fiscal cliff. no...
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Dec 24, 2012
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your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for him, so that way the left does not control italy. >> he could not get 40%, could he? or could he? >> i don't know if he could get 40%. he thinks he can get more than anybody else. >> really? >> yes. >> now the question is, 40% isn't enough once you're in a parliament, right, because of a parliamentary system and two other parties that used to support him no longer do. it's not clear what they would ultimately do, would they really link to the left? it's hard to say. more than italy, remember, they would never agree with this, but they're far more dramatic than southern it
your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for...
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Dec 24, 2012
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you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> ri
you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator...
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and the euro banks, too, being hit by news from the italian prime minister's mario monti's resignation. that is causing some concern to the spanish banks as well, where the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holidays. s intermec is looking to be up in 2013. jim, back to you. >> let's shift to the bonds and dollars. >> you know, looking at the ten-year, seeing it hovering around 160, is about as shocking as the sun coming up in the morning. but nonetheless, last week on interday trades, looked like we were going to close in the high 150s, which would have taken us back many more months. you can see the closing yield chart, going back all the way to august 1st. now, look at boon yields. political issues. you can have the best-laid plans by central banks in the end. ballot boxes, politics, it can get messy. think about what's going on here. now, if we look at the boon going back to
and the euro banks, too, being hit by news from the italian prime minister's mario monti's resignation. that is causing some concern to the spanish banks as well, where the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holidays. s intermec is looking to be up in 2013. jim, back to you. >>...
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Dec 19, 2012
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italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end of the year press conference. that is the case as we are learning this morning. >>> moving on to shares in ubs which are at the top of the smi in zurich after the bank announced a settlement with u.s., u.k., and swiss regulators over its role in the libor fixing scandal. ubs will pay a total fine of $1.5 billion after admitting to manipulating the rate. as well as pleading guilty to charges of fraud and bribing brokers. the swiss bank says the fine will lead to a greater than expected fourth quarter loss. but that it will not need to raise new capital. carolyn, the response here by
italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end...
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prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit t
prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with...
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of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could put neighbo
of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at...
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Dec 13, 2012
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monti, and his management of the current economic crisis. after decades in italian politics, this 76-year-old businessman appears rested and ready for a fight. tan and fit not and a gray hair on his head. he's not without troubles of his own. he's appeals a kwixz for tax evasion and on trial for allegedly having sex with a minor, a now of age moroccan dancer known as ruby, the heartbreaker. belusconi is in and monti will soon be out. he's step down as soon as parliament passes its 2013 budget. stepping down doesn't mean he's stepping out. many here speculate he's simply preparing to take off his mental and don that of a politician and run himself for the premiership in elections early next year. monti's policies of tax increases and spending cuts have sparked widespread protests, but many other italians think such tough measures were unavoidable says this professor. >> while there is concern, while there is resentment, while there is worry about future, i think there is a rather widespread agreement that what monti did was absolutely necessa
monti, and his management of the current economic crisis. after decades in italian politics, this 76-year-old businessman appears rested and ready for a fight. tan and fit not and a gray hair on his head. he's not without troubles of his own. he's appeals a kwixz for tax evasion and on trial for allegedly having sex with a minor, a now of age moroccan dancer known as ruby, the heartbreaker. belusconi is in and monti will soon be out. he's step down as soon as parliament passes its 2013 budget....
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they're down after super mario monti announced an early resignation as italian prime minister. >>> the fiscal cliff for payroll processors is not 22 days away. it's 4 days away, december 14th to be exact. millions of small businesses do their own payroll, and they're preparing now for the paychecks for the first week of january. right now they have no idea how much to hold back for social security taxes and the expiring bush tax cuts. the american payroll association urging congress to make a deal on the cliff saying, quote, a delay in legislation beyond december 14th doesn't give all businesses enough time to update and test their payroll systems for early january paychecks. >>> and in today's smart is the new rich, should you pay tuition based on which major you choose? the governor of florida rick scott considering it. a task force appointed by governor scott wants students to per sue so called s.t.e.m. majors against less in demand majors like history, philosophy, or english. the idea is to steer students to where there's the most need. liberal arts professionors claimed that could
they're down after super mario monti announced an early resignation as italian prime minister. >>> the fiscal cliff for payroll processors is not 22 days away. it's 4 days away, december 14th to be exact. millions of small businesses do their own payroll, and they're preparing now for the paychecks for the first week of january. right now they have no idea how much to hold back for social security taxes and the expiring bush tax cuts. the american payroll association urging congress to...
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meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost america in terms of growth. at the beginning of the year, they suggested they could knock 1% off potential gdp. and now they say they knocked three-quarters of a percent off growth here. half a percent was due to a general tightening of financial conditions. it's a very complicated set of calculations to get to that, but they have. half a percent of american growth is a result of weaker exports to europe. and the final thing that i think is very interesting. they say there's been a negligible impact on america due to what banks might be doing here. in other words, the european banks in new york, in b
meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost...
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Dec 27, 2012
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in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the election result in february will be a less strong coalition to enact reform, which is clearly where we hope they will go as in keeping -- trying to keep the investor sentiment going. in rome, they actually auctioned 12 euros of bills. all the politics with berlusconi not really affecting the market. yields are low, confidence still in there. some italian banks rose on the back of that. not huge moves. you can see bpms, up 2.2%. in the center of europe where it was concentrated, other banks moved higher. i'll show you those, lloyds, in the netherlands. and one is a bank here
in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the...
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Dec 17, 2012
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mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about his recent visit to the tomb of saint francis he said he did, indeed, pray there to help him make a decision about whether or not to run. a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-ol
mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about...